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Hispanic Economy in Transition - Chapter 1 - Population
Hispanic Business Inc, June 2008


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Hispanics are now the largest ethnic minority in the United States and during the past decade, U.S.

Hispanic purchasing power has rapidly increased.

This report takes an in depth look at how today’s Hispanic Economy is transitioning into an economic power in the U.S.

Chapter 1 - Population
Takes an in depth look at the U.S. Hispanic population, offering precise measures of its current and projected growth

Chapter 1: Population
- Hispanics are now the largest ethnic minority in the United States, numbering 45.5 million. They account for 15.1 percent of the population, compared to 12.9 percent for African Americans and 4.4 percent for Asians.
- By 2050, the Census projects that the Hispanic proportion of the U.S. population will soar to 24.44 percent, or nearly one fourth of the total population.
- Between 1990 and 2006, U.S. Hispanics increased by 97.8 percent – almost five times faster than the national growth rate of 19.8 percent. Since 2000, the number of Hispanics has expanded by 24.4 percent, accounting for nearly half of the increase in the United States’ population for that period.
- The second generation, with its low median age of 12.7 years and its high fertility rate, will lead this shift in the composition of the U.S. Hispanic market. Projections by the Pew Hispanic Center show that by 2020 nearly half (47.0 percent) of the growth in the U.S. Hispanic population will come from the second generation and another 27.5 percent from the third generation. With the ascent of the second generation, immigrants will account for only a quarter of all new U.S. Hispanics by 2020.
- Only 24 percent of U.S. Hispanics have little or no command of the English language.


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